SteelPeak Wealth LLC Has $688,000 Stock Holdings in Target Corporation $TGT

SteelPeak Wealth LLC trimmed its stake in Target Corporation (NYSE:TGT) by 67.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,973 shares of the retailer’s stock after selling 14,476 shares during the quarter. SteelPeak Wealth LLC’s holdings in Target were worth $688,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Raleigh Capital Management Inc. grew its holdings in shares of Target by 63.4% during the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after purchasing an additional 102 shares during the last quarter. Guardian Wealth Advisors LLC boosted its stake in shares of Target by 2.6% during the 1st quarter. Guardian Wealth Advisors LLC now owns 4,043 shares of the retailer’s stock valued at $422,000 after purchasing an additional 104 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Target by 9.7% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,203 shares of the retailer’s stock valued at $126,000 after purchasing an additional 106 shares in the last quarter. Truvestments Capital LLC boosted its stake in shares of Target by 21.4% during the 1st quarter. Truvestments Capital LLC now owns 606 shares of the retailer’s stock valued at $63,000 after purchasing an additional 107 shares in the last quarter. Finally, Formidable Asset Management LLC boosted its stake in shares of Target by 1.2% during the 1st quarter. Formidable Asset Management LLC now owns 9,696 shares of the retailer’s stock valued at $1,012,000 after purchasing an additional 111 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TGT shares. Wall Street Zen raised shares of Target from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Telsey Advisory Group reissued a “market perform” rating and set a $110.00 price target on shares of Target in a research report on Wednesday, August 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of Target in a research report on Wednesday. Evercore ISI lowered their price target on shares of Target from $105.00 to $103.00 and set an “in-line” rating for the company in a research report on Tuesday. Finally, Jefferies Financial Group lowered their price target on shares of Target from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, August 20th. Nine investment analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Target presently has a consensus rating of “Hold” and a consensus price target of $109.65.

Target Stock Performance

Shares of TGT stock opened at $90.35 on Thursday. The company has a 50 day moving average price of $94.99 and a 200-day moving average price of $97.22. Target Corporation has a 52 week low of $86.30 and a 52 week high of $161.50. The firm has a market capitalization of $41.06 billion, a PE ratio of 10.53, a P/E/G ratio of 2.58 and a beta of 1.18. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.01. Target had a net margin of 3.72% and a return on equity of 23.43%. The firm had revenue of $24.99 billion during the quarter, compared to analyst estimates of $24.84 billion. During the same period in the previous year, the business posted $2.57 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, equities research analysts expect that Target Corporation will post 8.69 earnings per share for the current year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be paid a $1.14 dividend. This is a boost from Target’s previous quarterly dividend of $1.12. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Wednesday, November 12th. Target’s dividend payout ratio (DPR) is presently 53.15%.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.